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☆ Want to Understand America? Watch ‘Shark Tank.’
▼ + stars: | 2024-10-17 | by ( Jordyn Holman | ) www.nytimes.com time to read: +19 min

“Shark Tank” Over the Years Season 1 (2009-10) The show premiered against the backdrop of the Great Recession. “‘Shark Tank’ is not a game show,” said Kevin O’Leary, a cutthroat investor known sarcastically in the tank as Mr. “Shark Tank” debuted less than a year after the subprime mortgage crisis devastated the global economy. But those kinds of companies are rarely reflected on “Shark Tank” for one simple reason: They don’t make for good TV. “The buyer gave us a shot at Target because of the ‘Shark Tank’ appearance.”“We turn you into a rock star and you become part of the ‘Shark Tank’ culture and the lore of ‘Shark Tank’,” said Mr. O’Leary.

Persons: Tod Wilson, Mark Cuban, Shark Lori Greiner, ”, Kevin O’Leary, Barbara Corcoran, Corcoran, Mark Burnett, Lehman Brothers, “, Daymond John, John, ” Mr, Wilson, Ms, Angela Lee, Halle Tecco, Jamie Siminoff, Siminoff, O’Leary, Siminoff “, Mr, Robert Herjavec, Burnett, Herjavec, TJ Maxx, Lori Greiner, Greiner, Michael Jones, Taryn Jones Laeben, ” Tod Wilson, Lee, Sarah Paiji Yoo, Dave Heath, Ann Crady Weiss, Hatch, Weiss Organizations: ABC, Sharks, QVC, Amazon, Bombas, Corcoran Group, “ Tigers, “, Twitter, Marketplace, Valley . Producers, Las, Columbia Business School, Halle, Four, Smart Tire Company, TJ, Tank, Tank Venture, Science Inc, Forbes, IRL Ventures, Educators, Blueland Locations: Angeles, Valley, Manhattan, America, Britain, Canada, United States, Houston, Somerset, N.J, Las Vegas, cybersecurity, Target, U.S, Los Angeles, Wegman’s, Minneapolis, Queens

☆ SpaceX launches first Turkish astronaut aboard private European space mission
▼ + stars: | 2024-01-18 | by ( Jackie Wattles | ) edition.cnn.com time to read: +6 min

CNN —A SpaceX rocket took off for the International Space Station on another trailblazing mission operated entirely by the private sector. On board is a group of European astronauts, including the first person from Turkey to visit outer space. Thursday’s flight is the first Axiom mission in which a government or space agency has purchased all the seats. Courtesy of Axiom SpaceThe European Space Agency and the Swedish National Space Agency arranged Wandt’s ticket. Axiom is one of several companies that has plans eventually to build its own private space station.

Persons: NASA —, Benji Reed, NASA’s, Walter Villadei, Marcus Wandt, Michael López, ”, Alegría, Frank De Winne, —, Michael Suffredini, Matt Ondler Organizations: CNN, SpaceX, International, NASA, United, International Space, NASA’s Kennedy Space Center, Space Agency’s, Private, European Space Agency, Swedish National Space Agency, Villadei’s, ESA, European Astronaut Centre, ISS, Space, Research Locations: Turkey, United States, Florida, Houston, Cologne, Germany

Amy Winslow, Hossein Maleknia and Reba Daoust misled Magellan customers and the Food and Drug Administration (FDA) about when they discovered the defect, the extent of the problem and the risks associated with it, prosecutors said. Attorneys for Winslow and Daoust did not immediately respond to requests for comment. The company said all devices the malfunction affected have been cleared by the FDA “and will remain available for clinical use.”Magellan Diagnostics ultimately recalled all three devices in 2021 and resumed distribution last year, according to the FDA. The malfunction affected three of Magellan’s lead-testing devices, including one that accounted for more than half of all blood lead tests conducted in the U.S. between 2013 and 2017, according to prosecutors. Reporting by Andrew Goudsward Editing by David Bario and Josie KaoOur Standards: The Thomson Reuters Trust Principles.

☆ 'Sharks circling in the water': Contentious cram-down rounds are coming and going to dilute startup shareholders. Founders and investors should be wary.
▼ + stars: | 2022-10-12 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +6 min

Funding rounds are set to become more contentious; "knives tend to come out," said one investor. Having been in the VC game for more than 25 years, he knows what inevitably follows periods of irrational exuberance: cram downs. A cram-down round refers to a situation in which a company raises money at terms favorable to new investors, at the expense of current shareholders. In good times, when valuations are going up and VCs have money to spare, exercising pro rata rights is usually a no-brainer. The investors that step up to fill that void — usually late-stage VC growth funds or strategic investors — often demand terms that severely dilute or "cram down" the shares of existing shareholders.

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